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Nov 14, 2012
11/12
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boehner says the president has to say it. it may well be because the president has the upper hand on taxes and can do nothing which is what the congress is best at and have those taxes expire and come back and cut them on everybody but the top 2%, that may well be the strategy we end up with. the bigger thing that's not in this discussion that i find particularly disturbing is essentially this kind of a late consensus to use this fake crisis to focus on deficit reduction is highjacking the debate we ought to have on how to get this economy working for the vast majority of americans and how to get people back to work. we ought to be having that debate and they've got to push hard simply to get on the agenda. >> it's amazing a great point and shows why the president is not remotely progressive. he's having the debate totally on republican grounds as if they won. no no, no! we won! we won! we should be talking about jobs, increasing taxes. i'm not entered in $3 trillion in spending cuts. the republicans want that, good luck to y
boehner says the president has to say it. it may well be because the president has the upper hand on taxes and can do nothing which is what the congress is best at and have those taxes expire and come back and cut them on everybody but the top 2%, that may well be the strategy we end up with. the bigger thing that's not in this discussion that i find particularly disturbing is essentially this kind of a late consensus to use this fake crisis to focus on deficit reduction is highjacking the...
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Nov 12, 2012
11/12
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CURRENT
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second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you point out, all of the bush tax cuts expire. which means not only the taxes -- tax cuts for the wealthy expire, the tax cuts for those making under $250,000 a year expire as well. so the president said friday all right, the senate has already passed a bill which would give extended tax cutless for the 98%, those making under $250,000. but let the ones for the wealthier people and defined as over $250,000 expire. and he challenged the house of representatives to pass that. what do you think -- so this is a real -- to me, this is like they've got the gun to their head. are you going to pass the tax cut fo
second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you...
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Nov 17, 2012
11/12
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CURRENT
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>> i think the challenge for boehner. it will be a test for john boehner's leadership to find the votes within his caucus, to meet the president and others halfway. he has got to come halfway. certainly the president has got to come halfway. that's what this is about. >> eliot: i agree with you. the president has already gone halfway. i think they'll end up meeting his number. winning in politics brings consequences. new orleans mayor marc moriel. thank you for coming on the program. i'm joined by the one and only congressman barney frank. congressman, thank you for joining us. >> great to be here. for >> eliot: for all the good well and happy talk is there a deal being framed up right now? >> i don't know. i hope there is. we've known there was substantively, but there has to be republicans who understand that sticking with this deficit reduction coming out of domestic programs, and you expand military spending, and you don't increase tax on the wealthy clearly the election said that's not the right way to go. i know the
>> i think the challenge for boehner. it will be a test for john boehner's leadership to find the votes within his caucus, to meet the president and others halfway. he has got to come halfway. certainly the president has got to come halfway. that's what this is about. >> eliot: i agree with you. the president has already gone halfway. i think they'll end up meeting his number. winning in politics brings consequences. new orleans mayor marc moriel. thank you for coming on the...
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Nov 13, 2012
11/12
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>> i almost fell out of my chair when boehner said revenues. the idea of increasing revenues. that's a central argument that we have been having over the last four years, and the very expensive i told you so i guess. if we're going to get to this problem, we have to deal with revenues, we can't just do it all on the spending side. >> jonathan capehart, there is bill kristol teaching republicans how to talk about this. but it does involve a word for word refutation of what they said in the past, that higher rates will kill the economy. there is bill kristol pointing out how we've done perfectly fine under higher rates in the past. >> what he's trying to get through to republicans, particularly the new class that came in in 2010, okay, you campaigned on all of these promises, but now it's time to govern and things have come to a standstill in washington over the last two years, and now with the fiscal cliff or fiscal curve coming, and the president being re-elected with more than 50% of the vote, it's time to make a deal. and everyone knows that in order -- that the real deal th
>> i almost fell out of my chair when boehner said revenues. the idea of increasing revenues. that's a central argument that we have been having over the last four years, and the very expensive i told you so i guess. if we're going to get to this problem, we have to deal with revenues, we can't just do it all on the spending side. >> jonathan capehart, there is bill kristol teaching republicans how to talk about this. but it does involve a word for word refutation of what they said...
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Nov 12, 2012
11/12
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. >> reporter: speaker boehner even told his republican members they would have to avoid nasty fights, and according to "the new york times," they seemed to listen. but those words don't change a basic disagreement that could push the country off the fiscal cliff, the first of january. that's when a number of tax cuts expire, dubbed taxmageddon, meaning the average family will pay an extra $3,700 a year. and severe cuts to defense and government spending will be trigg triggered. the sticking point on avoiding that cliff? taxes. the president campaigned on and won on letting tax cuts for the rich expire. today, a leading republican said no. >> no republican will vote for higher tax rates. >> reporter: if that sounds a lot like the argument we've already heard, you're right. and democrats appear emboldened that rates for the rich rise. >> if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expire and we'll start over next year. >> reporter: the two sides have four more days to lay out their markers. on friday, congressional l
. >> reporter: speaker boehner even told his republican members they would have to avoid nasty fights, and according to "the new york times," they seemed to listen. but those words don't change a basic disagreement that could push the country off the fiscal cliff, the first of january. that's when a number of tax cuts expire, dubbed taxmageddon, meaning the average family will pay an extra $3,700 a year. and severe cuts to defense and government spending will be trigg triggered....
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Nov 16, 2012
11/12
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CURRENT
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you can imagine going through the negotiations and at the end of december boehner and mcconnell saying let's keep the tack cuts in place while we continue to negotiate. the president has to be firm. >> i completely agree with everything you just said. boehner after the meeting hinted he would be wiling to kick the can down the road and have the temporary solution. >> yeah. >> what would that mean for the markets? what would that mean for his caucus. do you think that's the most likely sceneario? >> the most positive is that some how they reach you a template. we are not talking about a full-blown dooley that provides -- it means a new budget resolution ordering the committees to come up with the right revenue and guidelines and the changes in spending before january 1. the second most likely and most positive, they can't quite get there but delay for a couple of weeks and thatted -- that will be fine for the markets. if they can't reach it and the president says i'm not going to extend this for three or six months we will go over the cliff and i'll propose my tax cut plan after all the
you can imagine going through the negotiations and at the end of december boehner and mcconnell saying let's keep the tack cuts in place while we continue to negotiate. the president has to be firm. >> i completely agree with everything you just said. boehner after the meeting hinted he would be wiling to kick the can down the road and have the temporary solution. >> yeah. >> what would that mean for the markets? what would that mean for his caucus. do you think that's the...
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Nov 15, 2012
11/12
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KRCB
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so they look ahead, they see 2010 and think if taxes do go up for the middle class, it will be john boehner, and the republicans to take the blame. >> well, that may be but who is it going to play that kind of bluffing game with the debt ceiling because that's when you really risk tremendous market reactions and peril. i know you talked about david petraeus, and the whole foreign policy issue last night on charlie, martha, but do you-- t me ask you again, do you take seriously the notion that john kerry could be defense secretary? >> i think that was a trial balloon. >> you do? >> i 19, clearly both of those stories were trial balloons. president obama, obviously, took it a little further, quite a bit further today talking about susan rice. it was no longer a trial balloon. but i think john kerry-- you know, is that a consolation prize? i think he's probably always wanted to be secretary of state. i'm not sure how that would go over at the pentagon. i mean, when you talk abo someon goi into-- as secretary of state, who maybe doesn't have the experience that some people want. i think on the
so they look ahead, they see 2010 and think if taxes do go up for the middle class, it will be john boehner, and the republicans to take the blame. >> well, that may be but who is it going to play that kind of bluffing game with the debt ceiling because that's when you really risk tremendous market reactions and peril. i know you talked about david petraeus, and the whole foreign policy issue last night on charlie, martha, but do you-- t me ask you again, do you take seriously the notion...
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Nov 17, 2012
11/12
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the big problem there was going to be john boehner. he has been very explicit about his position on this. he says we're not going to raise tax rates. we can increase revenues by getting rid of some of the loopholes and deduction, but he doesn't want to see that. that's very much an explicit tax increase. the other things are tax increases, but you can fudge in how you talk about it. so it could, if enough pressure comes on leadership and if they feel like they get a majority, they might be able to pull it off. >> the key there is the faster that it happens, the more likely it is to happen and the longer it drags on, the less likely it gets. john stanton, thank you very being with us. appreciate it. >> sure. >>> best new thing in the world, flat earth edition in a good way, is straight ahead. ♪ here a cheap, there a cheap, everywhere a cheap... you get it. so, what if instead of just a cheap choice, you could make a smart choice? like, esurance for example. they were born online and built to save people money from the beginning. it's
the big problem there was going to be john boehner. he has been very explicit about his position on this. he says we're not going to raise tax rates. we can increase revenues by getting rid of some of the loopholes and deduction, but he doesn't want to see that. that's very much an explicit tax increase. the other things are tax increases, but you can fudge in how you talk about it. so it could, if enough pressure comes on leadership and if they feel like they get a majority, they might be able...
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Nov 17, 2012
11/12
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the big problem there was going to be john boehner. he has been very explicit about his position on this. he says we're not going to raise tax rates. we can increase revenues by getting rid of some of the loopholes and deduction, but he doesn't want to see that. that's very much an explicit tax increase. the other things are tax increases, but you can fudge in how you talk about it. so it could, if enough pressure comes on leadership and if they feel like they get a majority, they might be able to pull it o off. >> the key there is the faster that it happens, the more likely it is to happen and the longer it drags on, the less likely it gets. john stanton, thank you very being with us. appreciate it. >> sure. >>> best new thing in the world, flat earth edition in a good way, is straight ahead. t. wow. nice place. yeah. [ chuckles ] the family thinks i'm out shipping these. smooth move. you used priority mail flat rate boxes. if it fits, it ships for a low, flat rate. paid for postage online and arranged a free pickup. and i'm gonna tra
the big problem there was going to be john boehner. he has been very explicit about his position on this. he says we're not going to raise tax rates. we can increase revenues by getting rid of some of the loopholes and deduction, but he doesn't want to see that. that's very much an explicit tax increase. the other things are tax increases, but you can fudge in how you talk about it. so it could, if enough pressure comes on leadership and if they feel like they get a majority, they might be able...
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Nov 17, 2012
11/12
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CURRENT
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look here we go with more boehner love. i have to show this. this happenedda at the end of the meaning. >> wait, wait, excuse me there is one other point that i want to make and that is my understanding is material is speaker boehner's birthday. for those of you who want to wish hip a happy birthday -- we not not embarrass him with a cake because we didn't know how many candies were needed. >> yeah, right. >> we do want to wish him a happy birthday. >> thank you. thank you. >> all right. thank you, everybody. >> that would be all be nice if he well a tough portion stance -- negotiation stance and he does not and it seems frustrating to people who don't agreey with boehner and don't want to wish him a happy birthday. >> a different situation when reagan and tip o'neill were working together and o'neill would stand up on the president and the president would stand up to tip o'neill and now vuboehner standing up to the president and the president not standing up to boehner. larry cudlow have -- they have been talking about capping deductions to br
look here we go with more boehner love. i have to show this. this happenedda at the end of the meaning. >> wait, wait, excuse me there is one other point that i want to make and that is my understanding is material is speaker boehner's birthday. for those of you who want to wish hip a happy birthday -- we not not embarrass him with a cake because we didn't know how many candies were needed. >> yeah, right. >> we do want to wish him a happy birthday. >> thank you. thank...
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Nov 17, 2012
11/12
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the big problem there was going to be john boehner. he has been very explicit about his position on this. he says we're not going to raise tax rates. we can increase revenues by getting rid of some of the loopholes and deduction, but he doesn't want to see that. that's very much an explicit tax increase. the other things are tax increases, but you can fudge in how you talk about it. so it could, if enough pressure comes on leadership and if they feel like they get a majority, they might be able to pull it off. >> the key there is the faster that it happens, the more likely it is to happen and the longer it drags on, the less likely it gets. john stanton, thank you very being with us. appreciate it. >> sure. >>> best new thing in the world, flat earth edition in a good way, is straight ahead. [ male announcer ] a european-inspired suspension, but not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... inspired by a place like no other. introducing the all-new 2013 chevrolet malib
the big problem there was going to be john boehner. he has been very explicit about his position on this. he says we're not going to raise tax rates. we can increase revenues by getting rid of some of the loopholes and deduction, but he doesn't want to see that. that's very much an explicit tax increase. the other things are tax increases, but you can fudge in how you talk about it. so it could, if enough pressure comes on leadership and if they feel like they get a majority, they might be able...
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Nov 13, 2012
11/12
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CURRENT
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therefore they're not going to go along--even if boehner wants them to go along. both sides the president and democrats on one side, boehner and the republicans are basically maneuvering for bargaining position for what is going to be a long-term negotiation. >> eliot: they're just shadow boxing, i think that's exactly right. i wonder and i'm trying to assess--i have no knowledge of what goes on inside the republican party but i'm trying to discern if boehner has more strength now than he did when this negotiation took place lose yearlastyear. does he have the political strength because his party lost, can he look eric cantor in the eye and other republican leaders in the eye and say we have no choice but to cut a deal that is now on the president's terms? >> i think the strongest bargaining level he has is not so much that the republicans lost the election but beginning january 1st tax rates do go up particularly on the wealthy automatically. that's when the bush tax cut is basically terminated. the president has that bargaining power. essentially in washington d
therefore they're not going to go along--even if boehner wants them to go along. both sides the president and democrats on one side, boehner and the republicans are basically maneuvering for bargaining position for what is going to be a long-term negotiation. >> eliot: they're just shadow boxing, i think that's exactly right. i wonder and i'm trying to assess--i have no knowledge of what goes on inside the republican party but i'm trying to discern if boehner has more strength now than he...
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Nov 13, 2012
11/12
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>> well, it's not clear what john boehner is saying. what he said the other day was heard differently by different people. if he is finally willing to say we need to take a balanced approach to long-term deficit through a mix of cuts and revenue. if you don't ask folks at the high end to pitch in more, you hit everybody else harder. so if he's willing to finally say okay very wealthy or higher income individuals need to pitch in more to reduce our deficit, in a real way, we can make progress. it would be great if he put his plan out on the table which is what the president's done. then we could see how meaningful it was. what's the best likelihood this will be resolved in some meaningful way before the physical clal cliff takes affect or you'll get some things done and kick it down the road another six months or a year to give yourselves more time to work on the bigger issues? >> when it comes to this sequester, i think there's a chance we could at least come up with an alternative set of savings. i would hope to carry us through the re
>> well, it's not clear what john boehner is saying. what he said the other day was heard differently by different people. if he is finally willing to say we need to take a balanced approach to long-term deficit through a mix of cuts and revenue. if you don't ask folks at the high end to pitch in more, you hit everybody else harder. so if he's willing to finally say okay very wealthy or higher income individuals need to pitch in more to reduce our deficit, in a real way, we can make...
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Nov 12, 2012
11/12
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you have john boehner suggest that maybe he's going to be the leader. you can already see them sharpening their knives for him. it seems to me and then he'll be replaced by somebody else who will be in the same position, it just seems that anybody who will try to get into some position of being rational and talking straight is going to be undermined by his own party. >> victoria, you do have some moderate republicans increasingly calling out the conservative meet i can't establishment. listen to this for example. >> the conservative followship has been pleased, exploited and lied to. >> we have the media elite in a sense on the right, they're making millions of dollars talking about all the incendiary aspects where we need solutions. >> if i were a donor, my biggest problem would be that i was laid to. the conservative media establishment, they lied to the donors. they lied to the base. they lied to everybody about how romney was ahead. >> now, victoria, can these more moderate voices at least moderate compared to the tea party, can they gain traction a
you have john boehner suggest that maybe he's going to be the leader. you can already see them sharpening their knives for him. it seems to me and then he'll be replaced by somebody else who will be in the same position, it just seems that anybody who will try to get into some position of being rational and talking straight is going to be undermined by his own party. >> victoria, you do have some moderate republicans increasingly calling out the conservative meet i can't establishment....
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Nov 12, 2012
11/12
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CNN
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boehner says he's open to that but not by raising the so-called tax rate. he's opened to that by eliminating tax loopholes and exemptions and generating tax revenue by an improved economy if the gdp goes up. people will be making more money, presumably, that's the theory. there's some maneuverability. i suspect the pressure is so great that they will get some kind of a deal. it may not be a permanent deal but maybe enough to kick the ball down the road and study major tax reform over the next year. >> and so the congressional budget office came out with a report last week that seems to give the republicans some political cover here because it suggests that there will be no big harm to the economy if the wealthy 1% are taxed at a higher rate. that said, i would assume -- and you'll have to weigh in here tha, that loopholes are still highly in play. >> you have to add up what all of the math shows and if you -- forget about the middle class. for wealthy people you say you can no longer deduct your home mortgage, your charitable contributions, some of your --
boehner says he's open to that but not by raising the so-called tax rate. he's opened to that by eliminating tax loopholes and exemptions and generating tax revenue by an improved economy if the gdp goes up. people will be making more money, presumably, that's the theory. there's some maneuverability. i suspect the pressure is so great that they will get some kind of a deal. it may not be a permanent deal but maybe enough to kick the ball down the road and study major tax reform over the next...
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Nov 12, 2012
11/12
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>> speaker john boehner on friday, appeared to give a little ground, suggesting that limits on tax deductions could be part of a deal, something that senior obama adviser, david axelrod, said was a step in the right direction. >> i think the speaker's comments have been encouraging. and obviously, there's money to be gained by closing some of these loopholes and applying them to deficit reduction. so, i think there's a lot of ways to skin this cat, so long as everybody comes with a positive, constructive attitude toward the task. >> axelrod also pointed out that exit polling from the election showed 60% of the american agreed with raising taxes on the highest earners. >>> there's a renewed focus on immigration policy, following a presidential election that saw a growing divide between republicans and the hispanic community. now, two senators on opposite sides of the aisle says they're confident they can push through reform. chuck schumer and lindsey graham are revisiting a plan they proposed together back in 2010. >> i think we have a darn good chance, using this blueprint, to get something d
>> speaker john boehner on friday, appeared to give a little ground, suggesting that limits on tax deductions could be part of a deal, something that senior obama adviser, david axelrod, said was a step in the right direction. >> i think the speaker's comments have been encouraging. and obviously, there's money to be gained by closing some of these loopholes and applying them to deficit reduction. so, i think there's a lot of ways to skin this cat, so long as everybody comes with a...
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Nov 12, 2012
11/12
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can boehner think, look, got as much mandate as the president? >> i think he should absolutely think that, paul. the president made clear, didn't really run on the second term agenda and didn't talk about it much. i'll tell you what the mandate is right now, the mandate is that fiscal cliff, the bipartisan mandate. >> paul: to go off it is the mandate or not to go off. >> i think the stock market went off in the last week, people are saying pretty clearly you've got to do something about this now. i think they have a lot of leverage here, because if something isn't done, the economy is going to decline, maybe go into recession and i think employment can get as high as 10%. >> paul: if we had another recession it would have. >> if you're the president of the united states in a second term, you do not want a legacy, unemployment-- >> the lesson, don't give in at all, you won and if you go off a cliff, you blame them and they'll get the blame. >> he has no other term. i think obama's going to start thinking about his legacy and i predict he may thro
can boehner think, look, got as much mandate as the president? >> i think he should absolutely think that, paul. the president made clear, didn't really run on the second term agenda and didn't talk about it much. i'll tell you what the mandate is right now, the mandate is that fiscal cliff, the bipartisan mandate. >> paul: to go off it is the mandate or not to go off. >> i think the stock market went off in the last week, people are saying pretty clearly you've got to do...
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Nov 17, 2012
11/12
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WETA
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they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you cannot tax your way out of this debt, you cannot slash expenses and get out of this in debt. you have got to do both. >> somewhat gradually. >> the president seems to be offering a two-for-one deal -- for every $1 of tax increase, he will cut expenses by $2. simpson-bowles wanted a one-to-3 ratio. the republicans want zero. >> but they have the business community that does not want us to go for the cliff -- >> if you use a different language, are there republicans amenable to an increase in taxes -- >> use the word "revenue." >> nancy pelosi took the position, a good negotiating position, that it ought to be $1 million to hundred $50
they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you...
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Nov 12, 2012
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the question is, this is -- i think a lot of it is on john boehner and mitch mcconnell. can they say to the base of the party, we need to make this deal. it is good for us politically. it is good for the country policy wise, and we need to move on, or do the grovers of the world win out? >> david, thank you very much. chris cillizza. coming up, more fallout from the david petraeus situation. we'll talking to david ignatius. hey sis, it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. over time, the other premium pac can leave cloudy, hard water deposits, but cascade complete pacs help leave glasses sparkling. shiny! too bad it doesn't work on windows. okay, i'm outta here. more dishwasher brands in north america recommend cascade. in north america is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a l
the question is, this is -- i think a lot of it is on john boehner and mitch mcconnell. can they say to the base of the party, we need to make this deal. it is good for us politically. it is good for the country policy wise, and we need to move on, or do the grovers of the world win out? >> david, thank you very much. chris cillizza. coming up, more fallout from the david petraeus situation. we'll talking to david ignatius. hey sis, it's so great to see you. you, too! oh, cloudy glasses....
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Nov 12, 2012
11/12
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FOXNEWS
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so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i think eventually they are going to get a deal, but i think it'll probably be a two-step process where they get some type of down payment on tax reform and then do something larger in the new year with the new congress being sworn in. so, but how do you do that, how do you have one-step process? i think you've got to have the parameters of what you're going to do next year now. boehner does not want a huge deal in the lame duck. he says that the new congress should be in session when you're going to do this, the newly-elected people. so it's goi
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i...
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Nov 12, 2012
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yesterday john boehner told die an that is a nonstarter. >> i made clear yesterday that raising tax rates is unacceptable. and frankly it couldn't even pass the house. >> still today the president said the debate had been settled. >> this was a central question during the election. it was debated over and over again and on tuesday ni
yesterday john boehner told die an that is a nonstarter. >> i made clear yesterday that raising tax rates is unacceptable. and frankly it couldn't even pass the house. >> still today the president said the debate had been settled. >> this was a central question during the election. it was debated over and over again and on tuesday ni
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boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the deduction, limit credits. formula for a solution. >> real solution. >> chris: senator corker, you have a draft plan you have been circulating to a number of members in the senate. is there a deal here? >> i think there is a deal. the ying and yang of this is we know there has to be revenues. look, i haven't met a wealthy republican or democrat in tennessee that is not willing to contribute more. as long as they know we the problem. the ying of revenue, we understand. i think there is a very good pro-growth way of putting that place, so you are getting revenues from people like me and other
boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the...
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quick to say yeah, let's follow the boehner thing. when you look at what boehner is saying about how to avoid the fiscal cliff he's not saying we're going to agree with president obama on anything yet right? >> not yet. at least publicly, he's just reheating the old romney proposal which is if you close deductions, that's where you get your revenue. not from letting the high end tax cuts expire. the high-end tax cuts expire. what obama had been campaigning on and what voters want overwhelmingly. so you know, the administration has actually been fairly optimistic about where boehner is and negotiating with boehner and negotiating maybe with some of the rank and file who are more likely to come to an agreement. maybe go into the senate. and doing this very publicly. they're meeting with a lot of groups with labor groups, with business groups and they've learned their lesson. this idea that in 2011 last year, they could just sit in a room with boehner, hatch out a deal and all would be done. clearly didn't work out very well. after the e
quick to say yeah, let's follow the boehner thing. when you look at what boehner is saying about how to avoid the fiscal cliff he's not saying we're going to agree with president obama on anything yet right? >> not yet. at least publicly, he's just reheating the old romney proposal which is if you close deductions, that's where you get your revenue. not from letting the high end tax cuts expire. the high-end tax cuts expire. what obama had been campaigning on and what voters want...
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gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we have in the economy right now is businesses aren't inch investigating, they are not expand -lg your operations. can you think of a worst time to raise the tax rate on investment when investment went negative in the last quarter? if businesses are not investing they can't hire more workers and i agree with doug it could cause a ou double-dip recession. gregg: if you force higher income americans to pay more in taxes not through increasing their tax rates but rather closing the loopholes, deductions, credits and so on and so forth, that is still a net increase on that important sector. so how is th
gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we...
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house speaker john boehner has said it himself. this is the law of the land. this is the next big step. if perry and walker don't do t then the federal will do it for them. >> jennifer: this seems to me these republican governors are all about state rights would want to set up this exchange because it allows them to be these states and republican governors in charge and not the hated federal government. why are they fighting? >> they're putting ideology and partisan politics over the benefits of consumers. the great fallacy here is that obama-care is a government takeover of your healthcare. the government will come into your life and control your care. but these exchanges are private insurers they're giving you option. it is a marketplace and a private marketplace for to you pick out the best options amist amidst these horrible ones. it's really partisan talking points no more, no less. >> jennifer: earlier this year chris christie vetoed the bill but since that time the new jersey legislature passed a similar bill, and it's back on his desk, and it's back to
house speaker john boehner has said it himself. this is the law of the land. this is the next big step. if perry and walker don't do t then the federal will do it for them. >> jennifer: this seems to me these republican governors are all about state rights would want to set up this exchange because it allows them to be these states and republican governors in charge and not the hated federal government. why are they fighting? >> they're putting ideology and partisan politics over...
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. >> speaker boehner told republican members they would have to avoid fights. according to the "new york times" they seemed to listen but it doesn't change the basic disagreement that could push the country off the fiscal cliff the 1st of january. that is when tax cuts expire the average family will pay an extra $3700 a year. and severe cuts in defense spending will be triggered. sticking point, taxes. the president won on letting tax cuts for the rich expire. leading republican said, no. if it sounds like the argument we already heard, you are right. democrats appear emboldened. >> if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expire and we'll start over next year. >> the two sides have four more days to lay out their markers. on friday they come to the white house to start negotiations. >> ama: weather, it's been nice out but just chilly. >> i think the clouds that are sitting off the coast will help to warm us up. let's take a live look from vollmer peak cam looking down to the bay bridge. y
. >> speaker boehner told republican members they would have to avoid fights. according to the "new york times" they seemed to listen but it doesn't change the basic disagreement that could push the country off the fiscal cliff the 1st of january. that is when tax cuts expire the average family will pay an extra $3700 a year. and severe cuts in defense spending will be triggered. sticking point, taxes. the president won on letting tax cuts for the rich expire. leading republican...
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speaker boehner was asked this week whether the republican drive to kill obamacare, is dead. here's what he said: >> it is pretty clear the president was reelected. obamacare is the law of the land. >> chris: question: do most house republicans, do you agree with speaker boehner, repeal of obamacare with this election, with his re-election, is dead? >> no. as a physician i can tell you that the reason -- we're not opposed to the president's health care law because of the election, we're opposed because it is bad policy and bad for the patients across this land. we actually must get a handle on this spending in this country and in order to do that, it has to be through medicare and medicaid reform an social security reform, all three programs under current law are destined for fewer. we need fundamental reforms to save and strengthen and secure the programs for this generation and, future generations, that is what really -- >> the election, yes, you still have the majority in the house but you lost the election on the presidential level, and you will not kill obamacare for the
speaker boehner was asked this week whether the republican drive to kill obamacare, is dead. here's what he said: >> it is pretty clear the president was reelected. obamacare is the law of the land. >> chris: question: do most house republicans, do you agree with speaker boehner, repeal of obamacare with this election, with his re-election, is dead? >> no. as a physician i can tell you that the reason -- we're not opposed to the president's health care law because of the...